| Fri 19 Aug 2011, 11:36 | | ASR - Assore Limited - Unconditionality of financial assistance in respect of |
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ASR
ASR
ASR - Assore Limited - Unconditionality of financial assistance in respect of
Assore`s third empowerment transaction and resignation of directors
Assore Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/037394/06
Share code: ASR ISIN: ZAE000146932
("Assore")
UNCONDITIONALITY OF FINANCIAL ASSISTANCE IN RESPECT OF ASSORE`S THIRD
EMPOWERMENT TRANSACTION AND RESIGNATION OF DIRECTORS
Shareholders of Assore are referred to the circular dated 8 July 2011 ("the
Circular") relating to the Financial Assistance to be provided by Assore to
MS904 for the purposes of, or in connection with, the acquisition by MS904
of the Sale Shares from MS343, a wholly-owned subsidiary of Shanduka Resources,
in order to facilitate the Third Empowerment Transaction (using
the terms defined in the Circular).
Shareholders are advised that, following the approval of all the resolutions
relating to the Financial Assistance at the general meeting held on 10 August
2011, all further conditions precedent in respect of the Financial Assistance,
as set out in the Circular, have now been met.
Accordingly, Messrs Matamela Cyril Ramaphosa and Rowan Murray Smith, who
represented Shanduka Resources on the board of directors of Assore, have
resigned from the board with effect from 19 August 2011.
Johannesburg
19 August 2011
Investment bank and sponsor to Assore
Standard Bank
Attorneys to Assore
Webber Wentzel Attorneys
Date: 19/08/2011 11:36:00 Produced by the JSE SENS Department.
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